SunTrust Agents $25MM Upsize to DataBank Facility

The incremental term loan increases the total size of DataBank’s credit facility to $435 million. The company plans to use the additional financing to further its data center development activities and pay down borrowings under its revolving credit facility, which will strengthen its liquidity and overall credit position.

“We are appreciative of the support from our lender group in allowing us to increase the size of our credit facility,” said Kevin Ooley, president and CFO of DataBank. “We look forward to continuing to invest in building out our data center capacity to meet the demand from new and existing customers.”